Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$HPQ, $LLL, $CRM, $TEVA
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Friday, as follows:
HP Inc. (NYSE:HPQ) analysts reiterated as Buy with a 15 price objective at Merrill Lynch, which is based on just 9X the firm’s Y 2017 EPS target of 1.76. The consensus target price is 15.32.
L-3 Communications Holdings Inc. (NYSE:LLL) was raised to Overweight from Neutral with a 182 price target at JPMorgan. The firm also named L-3 its top defense pick. The 52-wk trading range is 101.13 – 154.50, and the consensus price target is 163.22.
Salesforce.com Inc. (NYSE:CRM) analysts reiterated as Buy at Merrill Lynch, with a price objective of 100. The firm named Salesforce as its favorite large-cap growth idea for Y 2016, and it even said this could be worth 224 to 264 in Y 2020.
Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) analysts reiterated as Neutral with a 59 price target at Credit Suisse. The firm noted that losing 2 intellectual property rights raises more questions in Copaxone’s durability. The 52-wk trading range is 48.01 – 66.55, and the consensus price target is 70.14.